37067, Franklin, TN

Franklin, TN 37067 is located in the Nashville metropolitan area. The zip code has a population of around 210,000 people. Home prices in Franklin have increased significantly over the past few years, with the median home price reaching $232,500 as of May 2017. This represents a growth rate of almost 10% over the past year.

The main drivers of this increase are likely attributable to strong demand and limited supply. Franklin is one of the fastest-growing cities in Tennessee and has seen an influx of new residents who are seeking affordable housing options. Additionally, Franklin is located within close proximity to many major businesses and attractions, which has contributed to increased demand for homes in this area.

Despite these positive factors, there are some risks associated with increasing home prices in Franklin. First and foremost is the possibility that market conditions could change abruptly and lead to a decrease in values. Additionally, there is a risk that interest rates could rise significantly (which would make it more expensive for buyers to purchase homes), or that another economic recession could hit the country (which would lead to decreased demand for homes). However, overall it appears that Franklin's home prices are likely headed towards continued growth over the next few years.